Growing Awareness Pertaining To The Fault Probability Of High Voltage Transformers Is Expected To Drive Dissolved Gas Analyzer Market Till 2024

 

The global dissolved gas analyzer market is estimated to reach a valuation of USD 1.11 billion by 2024 according to a new study by Grand View Research, Inc. The augmented demand to monitor the transformer health in order to increase operational efficiency is expected to significantly fuel the adoption of the product over the forecast period. Dissolved gas analyzers are primarily utilized to identify faults in the power transformers positioned at an early stage. This enables energy companies (utilities) to establish maintenance programs meant for repairing, avoiding faults, and extending the durability of power transformers.

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Asia Pacific Dissolved Gas Analyzer Market by extraction type, 2013 – 2024 (USD Million)

The growing awareness pertaining to the fault probability of high-voltage transformers, paired with the high cost of replacing depreciating transformers, has significantly escalated the product demand. Stringent safety and efficiency regulations imposed by the government of developed countries, such as the U.S., has instigated power transformer users to adopt dissolved gas analyzers. Additionally, the rising adoption of online Dissolved Gas Analysis (DGA), owing to benefits including the remote and continuous monitoring of transformer health, is expected to catapult the market growth over the forecast period.

The Digital Gas Analyzer (DGA) market is characterized by several technological trends. The surging demand for safe power transformers impels industrialists to innovate and find better technological solutions to fulfill the unmet needs of customers. For instance, in February 2013, Qualitrol introduced the new QNet4100 intelligent system for the alarm management and discrete event monitoring. With the widespread adoption of Industrial Internet of Thing (IIoT), a high level of automation may be witnessed in the entire fault detection process in the energy sector. Furthermore, the snowballing deployment of smart grid in the U.S., UK, Germany, China, and India would drive the adoption of gas analyzers to detect fault over the forecast period.

Browse full research report on Dissolved Gas Analyzer Market: www.grandviewresearch.com/industry-analysis/dissolved-gas-analyzer-dga-market

Further Key Findings From the Study Suggest:

  • On the basis of extraction type, the headspace extraction segment is anticipated to witness a robust growth at a far exceeding 14% over the forecast period. This can be attributed to the low risk of operator error from excessive handling of the sample during injection and preparation. In addition to this, the advantage of automating the process associated with this technique is also one of the key factors for the growth in the revenue of this particular segment. Vacuum extraction accounted for the majority market share in 2015 owing to the early development of this extraction technique
  • The power rating segment comprises 100–500 MVA, 501–800 MVA, and 801–1200 MVA DGA devices. The 100–500 MVA power rating gas analyzers segment accounted for more than 60% of the overall revenue share in 2015 and is estimated to grow at a CAGR of more than 12% over the forecast period. The low price and low maintenance costs associated with these devices are one of the primary factors for the adoption of dissolved gas analyzers with these ratings
  • On the basis of analysis type, the laboratory services segment accounted for over 35% of the overall revenue share in 2015. This is primarily attributed to the snowballing R&D investments for developing innovative and efficient methods for aging diagnostics. Furthermore, the growing emphasis by utilities on avoiding failures and lowering the maintenance cost is expected to drive the comprehensive DGA monitoring segment growth over the coming years
  • The Asia-Pacific dissolved gas analyzers market is estimated to grow at a CAGR of more than 13% over the next eight years; this is due to the increased government spending in the industrial infrastructure projects as well as power transformers in order to expand the power capacity to meet the electricity shortage particularly across the emerging economies including India, China, and Indonesia. North America is expected to grow at a moderate pace mainly due to the escalating need to detect faults among the newly installed transformers paired with the growing demand for increasing the lifespan of the old transformers
  • Notable players in the industry include ABB Ltd., Doble Engineering, General Electric, LumaSense Technologies, Morgan Schaffer Inc., Siemens, and Weidmann. The industry is technology driven and continuously evolving. Prominent industry players invest heavily in R&D activities for new product development and product enhancement in order to gaina competitive advantage.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the dissolved gas analyzers market on the basis of extraction type, power rating, analysis type, and region:

Dissolved Gas Analyzers Extraction Type Outlook (Revenue, USD Million, 2013 – 2024)

  • Vacuum Extraction or Rack Method
  • Head Space Extraction
  • Stripper Column Method
  • Others (Multiple Gas extractor)

Dissolved Gas Analyzers Power Rating Outlook (Revenue, USD Million, 2013 – 2024)

  • 100 – 500 MVA
  • 501 – 800 MVA
  • 801 – 1200 MVA

Dissolved Gas Analyzers Analysis Type Outlook (Revenue, USD Million, 2013 – 2024)

  • Smoke Alarms
  • Early Warning DGA Monitoring
  • Comprehensive DGA Monitoring
  • Laboratory Services
  • Database Software
  • Portable DGA Devices

Dissolved Gas Analyzers Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • GCC
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-dissolved-gas-analyzer-dga-market

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

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Boosting Demand Of Video Analytics Market Due To Growing Adoption Across An Array Of Industrial Applications

 

The global industrial microwave heating equipment market size is expected to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% during the forecast period. Increasing adoption of magnetrons and RF solid state amplifiers in various end-use industries such as food, paper, plastic, and wood and derivatives is anticipated to positively affect market growth. These high-efficiency products are poised to witness significant rise in demand in the coming years owing to their long operating life, low maintenance requirements, and low power consumption.

Surging demand for RF solid state amplifiers is estimated to drive the overall market. They are likely to replace magnetrons over the forecast period due to benefits they offer, such as enhanced operating life, high precision output power control, frequency tuning, and fast frequency hopping. Moreover, the product has undergone several technological advancements over the past few years, which has led to its increased demand.

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The industrial microwave heating equipment market is projected to witness remarkable growth over the forecast period owing to rising adoption of the equipment in varied applications across different end-use industries. Some of the applications include drying coated paper and/or synthetic paper, drying chemicals and pigments, puffing and vacuum drying, and rubber curing and tire pre-heating.

Furthermore, growing government regulations pertaining to safe usage of industrial microwave heating equipment continue to be one of the key growth stimulators for the market. Governments have established standards for maximum permissible emissions as well as equipment design and operation. For instance, the Federal Communications Commission (FCC) has assigned frequencies for microwave food processing.

Browse full research report on Industrial Microwave Heating Equipment Market: www.grandviewresearch.com/industry-analysis/industrial-microwave-heating-equipment-market                                                                                                                    

Further Key Findings From the Study Suggest:

  • The industrial microwave heating equipment market was valued at USD 890.2 million in 2016 and is expected to post a CAGR of 5.6% over the forecast period, owing to growing adoption of RF solid state amplifiers in various end-use industries
  • The RF solid state amplifiers segment is anticipated to the rise at a phenomenal CAGR of 13.0% during the forecast period, owing to factors such as increased operating life, high-precision output power control, low maintenance, and fast frequency tuning and hopping
  • Magnetrons and RF solid state amplifiers are widely adopted in the food industry, owing to their usage in diverse applications including cooking and foaming, drying and sterilizing, and tempering and blanching. The industry will be the fastest growing end-use segment, registering a CAGR of 6.9% during the forecast period
  • Europe represented the leading market share of approximately 34.0% in 2016 and is estimated to witness substantial growth over the forecast period, owing to rising industrialization and stringent government regulations
  • Key players such as Communications & Power Industries LLC, L3 Electron Devices, Muegge GmbH, Richardson Electronics, Ltd., and Toshiba Hokuto Electronics Corporation dominated the market in 2016 and focus on strengthening their presence through mergers and acquisitions.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices                            

Grand View Research has segmented the global industrial microwave heating equipment market based on equipment, end use, and region:

Industrial Microwave Heating Equipment Outlook (Revenue, USD Million, 2014 – 2025)

  • Magnetrons
  • RF Solid State Amplifiers

Industrial Microwave Heating Equipment End-Use Outlook (Revenue, USD Million, 2014 – 2025)

  • Food
  • Paper
  • Wood & Derivatives
  • Plastics
  • Chemicals
  • Others

Industrial Microwave Heating Equipment Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-industrial-microwave-heating-equipment-market              

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

High Purity Alumina Market Is Projected To Grow Rapidly Due To Growing Application Scope In Industries Till 2024.

 

The global high purity alumina market is expected to reach USD 6.41 billion by 2024, according to a new report by Grand View Research, Inc. Substantial demand for the product in plasma displays as it is a cost-effective and an energy efficient substitute for traditional materials including incandescent light bulbs is expected to drive demand. Moreover, growing demand for plasma displays is projected to propel the growth of the market over the forecast period. High purity alumina is an essential base material for artificial sapphire substrates, which are used in numerous electronics.

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Asia Pacific high purity alumina market volume, by application, 2013 – 2024 (Tons)

Growing demand for high purity alumina in niche applications including medical, precision optics and defense is expected to drive demand over the forecast period. Moreover, increasing adoption of LED screen as they provide high-definition images is projected to boost demand for alumina products over the forecast period.

Browse full research report on High Purity Alumina Market: www.grandviewresearch.com/industry-analysis/high-purity-alumina-market

Further key findings from the report suggest:

  • 4N high purity alumina is expected to grow at a CAGR of over 18.0% from 2016 to 2024. The increasing use of the product in ceramics, smartphones, and batteries on account of its superior electrical insulation, low moisture absorption, and improved thermal conductivity is expected to drive the demand. The product is being widely used to coat ceramic separators in lithium ion batteries.
  • Rising demand for lithium ion batteries owing to growth in Electric Vehicle (EV) and Plug-in Hybrid Electric Vehicles (PHEV) is expected to drive the market demand for high purity alumina over the forecast period.
  • Sapphire production accounted for over 12.5% of high purity alumina consumption in 2015. Growing investments in sapphire glass production on account of its increasing requirement across a wide array of applications including smartphones, tablets, LEDs and semiconductors is expected to open new opportunities over the forecast period.
  • North America high purity alumina demand was 4.31 kilo tons in 2015. The material is being increasingly used in plasma displays as it helps in reducing the overall dimensions of the final product by making it lighter and thinner. A boom in utilities rebate on account of using LED retrofits is expected to drive the market over the forecast period.
  • Significant demand for the material from the LED industry owing to growing use of energy efficient lighting in emerging economies including China and India coupled with rising government initiatives to increase the market share of LED lamps and minimize the use of incandescent lamps is projected to augment growth. Abundant raw material availability coupled with adequate manufacturing capabilities has led to relatively lowering production costs.
  • Nippon Light Metal is a key market player which manufactures high purity alumina, aluminum metal alloys, industrial parts, metal rolls, capacitor foils and heat exchangers. Baikowski Pure Solutions is involved in producing high purity alumina powders and other fine composites & oxides including YAG, ZTA, ceria, and Spinel. The company has its manufacturing facilities located in Japan, U.S., and France.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices                     

Grand View Research has segmented the global high purity alumina market on the basis of product, application and region:

High Purity Alumina Product Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)

  • 4N
  • 5N
  • 6N

High Purity Alumina Application Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)

  • Light Emitting Diodes
  • Semiconductors
  • Phosphor
  • Sapphire
  • Others

High Purity Alumina Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)

  • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
  • Latin America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-high-purity-alumina-market                                                   

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Boosting Demand Of Fitness Equipment Market Due To Initiatives From Government And Enterprises Till 2022.

The global fitness equipment market is anticipated to reach USD 13.24 billion by 2022. Key factors that are expected to fuel growth include urbanization leading to changing lifestyles, growing awareness of health & wellness and drastic increase of obese population.

Emerging economies have been observing growing trend for healthcare programs across all segments. In addition, governments in these countries are persistently attempting to conceptualize and establish effective healthcare plans. The introduction of new fitness regimes and healthcare programs across various corporates to encourage employees is expected to trigger growth. Fitness equipment market is projected to grow at a CAGR of 3.6% from 2015 to 2022.

On the basis of equipment type, the industry is segmented into strength training, cardiovascular and devices such as trackers & monitors. Commonly used equipment across all age groups to maintain fitness and manage weight include stationary bicycles, treadmills, weightlifting machines and stair climbers.

Demand for cardiovascular training devices is comparatively greater than strength training devices on account of dual benefit of well-being and disease prevention. Cardiovascular training devices are estimated to strengthen their hold on the industry in the next seven years and grow at a CAGR exceeding 3.0% from 2015 to 2022 owing to its increased adoption. Cardiovascular training devices such as treadmills, stair machines, and rowing machines stair machines. They are extensively used to keep Body Mass Index (BMI) within limits and maintain body fitness.

Browse full research report on Fitness Equipment Market: www.grandviewresearch.com/industry-analysis/fitness-equipment-market   

Health clubs and gyms accounted for nearly 45.0% of total market share and dominated the market in 2014 as they form an essential prerequisite for health clubs. However, home users buy different equipment for their use. Purchase of these devices by commercial firms such as hospitals, hotels, and corporate offices to enhance customer experience is also expected to drive growth in the market.

Asia Pacific is a lucrative market with a high requirement for advanced and sophisticated fitness equipment. It is projected to grow at a CAGR of over 7.0% from 2015 to 2022. Outsizing youth population coupled with increasing disposable incomes in emerging economies is anticipated to propel growth.

North America is expected to be a major market for this industry owing to rising overweight population. North America acquired nearly 45.0% of the total industry share in 2014 and is expected to continue the trend over the forecast period at a CAGR of over 2.0%.

Firms in this business are very competitive and strategize by introducing updated version of existing products or launching newer and improved equipment. Key strategies being adopted by the companies include product innovations and exclusivity owing to technological enhancements. Market players engage in forming alliances to gain market share and dominate the industry. It includes Cybex International Inc., Brunswick, Johnson Health Tech., Paramount, Precor and Nautilus Inc.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices                                  

Grand View Research has segmented the global fitness equipment market on the basis of device, end-use, and region:

Fitness Equipment Device Outlook (Revenue, USD Million, 2012 – 2022)

  • Cardiovascular training
  • Strength training
  • Others

Fitness Equipment End-Use Outlook (Revenue, USD Million, 2012 – 2022)

  • Home
  • Health clubs
  • Others

Fitness Equipment Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/industry-analysis/fitness-equipment-market   

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Home Audio Equipment Market Is Poised To Reach Around $22.50 Billion By 2020: Grand View Research, Inc.

 

The Global Home Audio Equipment Market is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth.

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Global home audio equipment market by product, 2012 – 2020 (USD Billion)

Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in digital technology with changing media options from conventional to latest systems is expected to be positively impact home audio equipment market growth over the next six years. High development cost and fear of hearing loss among the consumers may hamper market growth through the forecast period. Emergence of realistic immersive home audio equipment along with better internet connectivity offers a wide avenue to drive demand for the home audio equipment market.

Browse full research report on Home Audio Equipment Market: www.grandviewresearch.com/industry-analysis/home-audio-equipment-market

Further key findings from the report suggest:

  • The home audio equipment market comprises products such as audio systems, home radios, Home Theater-in-a-box (HTiB) and other accessories. The home audio systems segment includes MP3 players, mini disc players, compact audio systems, cassette deck, rack system and CD/DVD players. HTiB products include 5.1, 6.1, 7.1 and 9.1 channels and the segment is expected to witness significant growth over the forecast period. This can be attributed to several benefits associated with this technology such as unrestricted mobility and high quality sound systems.
  • Widening consumer base in Asia Pacific markets owing to higher affordability and rapid urbanization trends is expected to significantly drive the home audio equipment industry. Demand for digital home radios driven by growing promotional activities is expected to drive regional market growth. The North American market is characterized by rise in unit sales of flat-panel HD TVs.
  • Key companies operating in the market include Sony Corporation, Bose Corporation, LG Electronics, JVC KENWOOD Holdings Inc., Philips, Dolby Laboratories Inc. and Akai. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices                           

Grand View Research has segmented the global home audio equipment market on the basis of product and region:

Home Audio Equipment Product Outlook (Revenue, USD Billion, 2012 – 2020)

  • Home Theater in-a-Box
  • Home Audio Systems
  • Home Radios
  • Others

Home Audio Equipment Regional Outlook (Revenue, USD Billion, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-home-audio-equipment-market                                               

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Smart Headphones Market Hits $7.48 Billion By 2022: Grand View Research, Inc.

 

Global smart headphones market is expected to reach USD 7.48 billion by 2022, according to a new report by Grand View Research, Inc. Increasing acceptance of bluetooth wireless technology paired with developments including water resistant features and recalibration functions is estimated to propel product demand. Increasing adoption of headphones particularly while working out and during office hours is expected to fuel growth. Development resulting in incorporation of MP3 player in smart headphones is expected to result in demand growth.

Browse full research report on Smart Headphones Market: www.grandviewresearch.com/industry-analysis/smart-headphones-market  

Further key findings from the report suggest:

  • Wireless segment accounted for over 75% of the overall revenue in 2014, and is expected to witness rapid growth at a CAGR of over 20% from 2014 to 2022 owing to increasing adoption especially in call centers, fitness centers and entertainment or gaming arenas.
  • Growth in the wired segment can be primarily attributed to benefits offered by these devices over their counterparts such as low power consumption and cost. Wired headphones also offer better durability and ease of use for consumers.
  • North America accounted for more than 40% of the overall share in 2014, and is also estimated to exhibit highest growth over the next few years owing to early technology adoption ensuring faster penetration.
  • Asia Pacific smart headphones market is anticipated to exhibit substantial growth over the foreseeable future in light of rising consumer disposable income of customers in India, Japan Taiwan and Korea. Consumers in the region have high preference for technologically advanced products and with the aforementioned factors, smart earphones demand is expected to witness growth over the next seven years.
  • Key market participants include Bragi, Intel, LG, Sennheiser, Huawei, Chipsip, Sony, Samsung, Valencell and Cosinuss. Industry participants strive to develop light weight products with advanced audio solutions and high noise cancellation features that offer better listening experience along with better connectivity. Vendors also emphasize on enhancing distribution channels through multiple partnership and long-term contracts to ensure stable supply of headphones.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices                            

Grand View Research has segmented the global smart headphones market on the basis of product and region:

Smart Headphones Product Outlook (Revenue, USD Million; 2014 – 2022)

  • Wired
  • Wireless

Smart Headphones Regional Outlook (Revenue, USD Million; 2014 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-smart-headphones-market                           

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Handheld Imagers Market Size Is Estimated To Reach $3.45 Billion by 2022: Grand View Research, Inc.

The global handheld imagers market is anticipated to reach USD 3.45 billion by 2022, according to a new study by Grand View Research, Inc. Technological developments have led to the emergence of new innovative products, which has significantly broadened the scope for Handheld imagers in several application areas. Growing demand across the security industry is expected to be the key force driving the Handheld imagers market over the next few years. Development and usage of amorphous silicon (a-Si) in manufacturing imaging solutions is also expected to favorably impact market growth. Amorphous silicon is a preferred raw material as it is its cost-effective and easy to manufacture.

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Global handheld imagers market by application, 2012 – 2022 (USD Million)

Rise in adoption across the industrial and construction sector is expected to provide avenues for Handheld imagers market growth. In addition, decline in microbolometer cost is also expected to fuel market demand over the next few years. Government mandates coupled with growing adoption of infrared solutions mainly across airports and government buildings are anticipated to impel growth in the security sector. The medical sector is expected to exhibit significant growth and high market penetration on account of rising concerns regarding patients’ health and safety. Increasing adoption of imaging solutions in the medical sector to diagnose patients’ epidemics is expected to fuel growth in this segment.

Browse full research report on Handheld Imagers Market: www.grandviewresearch.com/industry-analysis/hand-held-imagers-market                                                         

Further key findings from the report suggest:

  • IR scanners exhibit high growth potential, which may be primarily attributed to decline in product prices. Further, stud finders are also anticipated to witness rapid growth owing to growing demand across the construction sector.
  • On account of growing security concerns and rising terror threats, the security segment emerged as the dominant application segment in 2014, and accounted for over 30% of the overall market in the same year. Rising security concerns and increased adoption in government buildings and airports is expected to significantly spur the Handheld imagers market demand over the next seven years.
  • North America accounted for significant market share in 2014, and is expected to emerge as a dominant regional market over the forecast period. Government mandates and growing concerns regarding security are expected to increase the regional market demand.
  • Key players in the Handheld imagers market include ULIS, Fluke Corporation, Zircon Corporation and FLIR Systems. The aforementioned industry participants are continuously innovating and evolving in a bid to uphold competitiveness. Further, manufacturers emphasize on enhancing local presence in order to aid customers in choosing the appropriate product.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/electronic-devices                                   

Grand View Research has segmented the global Handheld imagers market on the basis of product, application, and region:

Handheld Imagers Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Stud finders
  • IR scanners
  • Millimeter wave scanners
  • Microbolometers

Handheld Imagers Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Construction
  • Industrial
  • Security
  • Medical
  • Others

Handheld Imagers Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-hand-held-imagers-market        

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com